View full sizeAlabama coach Nick Saban lifts the national championship trophy that he and the Crimson Tide won in January for the second time in the past three years. (The Birmingham News/Hal Yeager)

TUSCALOOSA, Alabama - Alabama coach Nick Saban's contract has been extended two years, through Jan. 31, 2020, and if he stays and his contract is not amended, he will make $44,983,333.36.

That's an average of $5,622,916,67 over each of the eight years.

Saban was paid $4,766,666.67 in 2011. He will receive an extra $550,000 this year, bringing his pay for 2012 to $5,316,666.67.

In the last year of this modified contract, Saban will be paid $5,966,666.67. He will be 68 years old then.

The amended contract was approved today by the compensation committee of the University of Alabama Systems board of trustees.

Contracts for two new assistant coaches and contract amendments for seven other assistants also were approved.

Defensive coordinator Kirby Smart was given an extension to 2015 and a raise of $100,000, bringing his salary to $950,000.

New offensive coordinator Doug Nussmeier was given a three-year contract worth $590,000 this year. Former Alabama offensive coordinator Jim McElwain, now the head coach at Colorado State, was paid $510,000 last year.

New outside linebackers coach Lance Thompson was given a two-year contract worth $375,000 this year. He replaced Sal Sunseri, who was paid $390,000 last season. Sunseri left Alabama in January to become the defensive coordinator at Tennessee.

Tight ends/special teams coach Bobby Williams, strength and conditioning coach Scott Cochran, wide receivers coach Mike Groh and secondary coach Jeremy Pruitt each will get $35,000 more than they were paid in 2011.

Williams' raise brings his salary to $350,000. Cochran, who was due to make $310,000 this year, instead will make $325,000. Groh will receive $285,000 and Pruitt will receive $260,000.

Defensive line coach Chris Rumph is getting a $21,250 increase that brings his pay to $310,000.

Running backs coach Burton Burns will be paid $290,000 after a $10,000 raise.